Pipes - Welspun

DisclaimerCertain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” includingthose relating to general business plans and strategy of Welspun Corp. Limited (“WCL"), its future outlook and growth prospects, and futuredevelopments in its businesses and its competitive and regulatory environment. Actual results may differ materially from these forward-lookingstatements due to a number of factors, inter alia including future changes or developments in WCL's business, its competitive environment, its abilityto implement its strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India.This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer invitation, or a solicitation of any offer, topurchase or sell, any shares of WCL and should not be considered or construed in any manner whatsoever as a recommendation that any personshould subscribe for or purchase any of WCL's shares. Neither this presentation nor any other documentation or information (or any part thereof)delivered or supplied under or in relation thereto shall be deemed to constitute an offer of or an invitation by or on behalf of WCL to subscribe for orpurchase any of its shares.WCL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, thefairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation,unless otherwise specified is only current as of the date of this presentation. WCL assumes no responsibility to publicly amend, modify or revise anyforward looking statements contained herein, on the basis of any subsequent development, information or events, or otherwise. Unless otherwisestated in this document, the information contained herein is based on management information and estimates. The information contained herein issubject to change without notice and past performance is not indicative of future results. WCL may alter, modify or otherwise change in any mannerthe content of this presentation, without obligation to notify any person of such revision or changes. This presentation may not be copied anddisseminated in any manner.THE INFORMATION PRESENTED HERE IS NOT AN OFFER INVITATION OR SOLICITATION OF ANY OFFER TO PURCHASE OR SELL ANYEQUITY SHARES OR ANY OTHER SECURITY OF WCL.This presentation is not for publication or distribution, directly or indirectly, in or into the United States, Canada or Japan.These materials are not an offer or solicitation of any offer of securities for purchase or sale in or into the United States, Canada or Japan.March 2011 Page 2